Home Sellers: There Is an Extra Way To Welcome Home Our Veterans

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Home Sellers There Is an Extra Way To Welcome
Home Our Veterans
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Home Sellers There Is an Extra Way To Welcome
Home Our Veterans

• Some veterans are finding it difficult to obtain
  a home in todays market. According to the
  National Association of Realtors (NAR)
• Conventional conforming mortgages (mortgages
  that conform to guidelines set by Fannie Mae and
  Freddie Mac), accounted for 74 of mortgages
  obtained by homebuyers in May 2021, an increase
  from about 65 during 2018 through 2019The share
  of VA-guaranteed loans has also decreased to 7
  in May 2021 from about 10 in past years.

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Home Sellers There Is an Extra Way To Welcome
Home Our Veterans

• Recent data in the latest Origination Insight
  Report from Ellie Mae sheds light on the
  continuation of this trend. Below, we can see
  just how small of a share of total financing VA
  loans made up in June of 2021, according to that
  Ellie Mae report

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Home Sellers There Is an Extra Way To Welcome
Home Our Veterans
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Home Sellers There Is an Extra Way To Welcome
Home Our Veterans

• The drop in VA loan usage can be attributed to
  the difficulties veterans continue to face when
  buying a home. The NAR article elaborates
• It is extremely difficult for FHA/VA buyers to
  get accepted in a multiple offer situation. They
  are on the bottom of the hierarchy.
• One contributing factor is that buyers with VA
  loans cant waive certain contingencies. However,
  just because a certain contingency must be
  present for a particular buyer doesnt mean that
  buyers offer shouldnt be considered. If youre
  in Ardmore, PA, you may consult with an Ardmore
  buyer agent to discuss it more.

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Home Sellers There Is an Extra Way To Welcome
Home Our Veterans

• What Should Sellers Do To Help Create a Level
  Playing Field?
• As a seller, its important to consider every
  offer in front of you regardless of loan type. If
  youre selecting an offer because some
  contingencies are waived, keep in mind that it
  doesnt always mean the offer is whats best for
  you.

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Home Sellers There Is an Extra Way To Welcome
Home Our Veterans

• Buyers who cant waive specific contingencies may
  adjust other terms in their offer to make it more
  appealing to sellers. This may depend on several
  factors, including their loan type and location,
  but a motivated buyer and their agent will do
  everything they can to present an offer thats as
  appealing to you as possible.
• Ultimately, you should make sure you take time to
  really understand the terms of their offer and
  see the big picture. Working with a driven buyer
  whos motivated to purchase your house may
  provide a better opportunity for you to reach
  your overall best option and whats most
  important to you.

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Home Sellers There Is an Extra Way To Welcome
Home Our Veterans

• Bottom Line
• If youre selling your house in Ardmore, work
  closely with your Ardmore seller agent to make
  sure you understand the terms of all offers so
  you can give each one fair consideration,
  including those buyers using a VA loan. Our
  veterans sacrifice so much for our country.
  Theyve earned our gratitude and should have the
  same opportunity to obtain the home of their
  dreams.